C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) has received assays from the third hole of its 2023 drilling program on the Provost porphyry target in Jamaica.
The company is evaluating an extensive zone of near-surface porphyry and epithermal base and precious metal mineralization at Provost.
The latest drill hole was terminated 150 metres short of target depth due to drilling difficulties in a fault zone, and intersected 112 metres at 0.35% copper and 0.13 grams per tonne gold, or 0.44% copper equivalent.
The mineralisation runs from a depth of 305.8 metres, with the last 1.1 metres of the hole ending in high-grade epithermal style mineralization grading 1.27% copper and 4,090 grams per tonne silver. This hole extended known copper-gold mineralization at Provost by 150 metres to the northwest.
Assays from two other drill holes are pending, and drilling is well advanced on two further holes.
"The importance of PVT0900-003 expanding copper-gold mineralization 150 metres to the northwest and ending in a high-grade epithermal copper-silver vein cannot be overstated,” said Dan Symons, chief executive of C3 Metals.
“The intersection of metal rich intermediate-high sulphidation epithermal veins overprinting porphyry mineralization demonstrates the presence of a multi-phase system with potential for both bulk tonnage copper-gold and high-grade precious and base metal vein deposits. Whilst two recent holes failed to achieve target depth due to drilling difficulties in fault zones, we are very excited by the assay results and drill core returned to date.”